Crypto Sector Sees Major Moves in Mining and DeFi
In a day of significant developments across the digital asset industry, cryptocurrency miner Bitdeer Technologies Group posted notable market data, while the leading wallet provider MetaMask finally launched its long-awaited rewards program.
Market Snapshot: Bitdeer Technologies Group
Bitdeer Technologies Group (NASDAQ: BTDR), a major entity in the cryptocurrency mining sector, was trading at $22.63, reflecting a minor session loss of $0.48. The Singapore-based company, founded by Wu Jihan, operates its own mining datacenters and manages complex logistics, design, and operations for crypto-computing. The stock holds a market capitalization of $4.94 billion, with its 52-week performance showing high volatility, ranging from $6.84 to $27.80. Market data also indicates significant bearish sentiment, with 25.16% of the public float (23.53 million shares) held short as of October 15, 2025.
MetaMask Launches Highly Anticipated Rewards Program
In news eagerly awaited by the DeFi community, MetaMask, one of the world’s most popular non-custodial wallets, has officially launched its own rewards and loyalty program. For years, users have speculated about a native $MASK token. Instead, the platform has introduced a points-based system, with the primary reward being an allocation of LINEA tokens, marking a different but equally exciting strategy.
The ‘MetaMask Rewards’ System Explained
The new program, titled “MetaMask Rewards,” arrives after competitors like Rabby have already implemented similar points-based campaigns. In this system, points are crucial for advancing through different tiers to unlock exclusive benefits. The choice of LINEA as the main reward for the first season is strategic: ConsenSys, the parent company of MetaMask, is also the developer behind the Linea Ethereum Layer 2 network.
How to Earn Points
The principle of the program is simple: users earn points by actively using the wallet for in-app functions like swaps and bridges, as well as for referring new users. In a key move, MetaMask confirmed that past user activity will also be retroactively rewarded. However, simple wallet transactions will not be counted; only swaps and bridges initiated through the MetaMask application will qualify for points.
Season 1: Tiers and Incentives
The program is divided into seasons. Season 1, which began on October 25, 2025, will run for 90 days. While the exact point-to-token conversion rate has not been disclosed, a total of $30 million worth of LINEA tokens is slated for distribution. The reward structure is tiered as follows:
- Level 1: Origin (0 points): The starting level. Using a referral code (like BKA51Z) grants an initial 500 points, 250 more than starting without one.
- Level 2: Frontier (> 1,000 points): Unlocks a LINEA token allocation proportional to the user’s total points, which can be claimed at the end of the season.
- Level 3: Sylvana (> 25,000 points): Provides a 50% points boost on swaps and perpetual trades for 24 hours, plus all lower-tier rewards.
- Level 4: Oceania (> 50,000 points): Grants a 50% reduction on perpetual transaction fees, plus all lower-tier rewards.
- Level 5: Denalia (> 100,000 points): Includes priority customer support and a 3-day, 50% points boost, plus all lower-tier rewards.
- Level 6: Titana (> 1,000,000 points): Offers a 65% reduction on perpetual fees and access to the “AlphaFoxes” club for top users, plus all lower-tier rewards.
- Level 7: Utopia (> 5,000,000 points): The highest tier provides a free MetaMask Metal VISA payment card for one year (claimable at the season’s end), in addition to all preceding benefits.
